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Residential Loans - Summary of Classifications and Carrying Value of Residential Loans (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Held-for-sale at fair value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans [1] $ 1,213,067 $ 1,845,282
Held-for-investment at fair value | Legacy Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 208,788 230,455
Held-for-investment at fair value | Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 3,525,459 3,628,465
Held-for-investment at fair value | Freddie Mac SLST    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 1,631,285 1,888,230
Servicer advance investments    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 6,578,599 7,592,432
Servicer advance investments | Legacy Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 208,788 230,455
Servicer advance investments | Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 3,525,459 3,628,465
Servicer advance investments | Freddie Mac SLST    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 1,631,285 1,888,230
Servicer advance investments | Held-for-sale at fair value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 1,213,067 1,845,282
Servicer advance investments | Held-for-sale at fair value | Legacy Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 0 0
Servicer advance investments | Held-for-sale at fair value | Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 0 0
Servicer advance investments | Held-for-sale at fair value | Freddie Mac SLST    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 0 0
Servicer advance investments | Held-for-investment at fair value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 5,365,532 5,747,150
Servicer advance investments | Held-for-investment at fair value | Legacy Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 208,788 230,455
Servicer advance investments | Held-for-investment at fair value | Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 3,525,459 3,628,465
Servicer advance investments | Held-for-investment at fair value | Freddie Mac SLST    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 1,631,285 1,888,230
Servicer advance investments | Redwood    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 1,213,067 1,845,282
Servicer advance investments | Redwood | Held-for-sale at fair value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 1,213,067 1,845,282
Servicer advance investments | Redwood | Held-for-investment at fair value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans $ 0 $ 0
[1] Our consolidated balance sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At June 30, 2022 and December 31, 2021, assets of consolidated VIEs totaled $9,951,520 and $10,661,081, respectively. At June 30, 2022 and December 31, 2021, liabilities of consolidated VIEs totaled $8,899,020 and $9,619,347, respectively. See Note 4 for further discussion.